Source: Next Advisor — The Federal Reserve is going to raise interest rates this week, but that doesn’t mean mortgage rates are going up. Mortgage interest rates have been on a wild ride this year, climbing above 7% for several weeks in October and November....
Source: Forbes — The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability...
Source: Fox Business — Nearly 25% of U.S. homebuyers are looking to move out of their current metro areas, with many people turning their attention to cities in Florida as their next place to call home, according to a new study. “The U.S. housing market...
Source: CBS News — Surging mortgage rates aren’t just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it’s worth, according to a new analysis. Some...
Source: NAHB — As the housing market has slowed rapidly over the past several months, builders have increasingly been reducing prices and offering special sales incentives – but nowhere near the same rate as during the 2007-2008 Great Recession when the housing...
Source: CBS News — SAN MATEO — The pendulum is shifting in what many have described as a ‘roller coaster’ real estate market. Sellers are no longer in the driver’s seat, and buyers have the edge. But that doesn’t mean the market...
Illinois Home Sales and Inventory Decline While Median Price Rises
